How Much To Maintain A Yacht In Singapore?

The maintenance costs of a yacht in Singapore depend on the frequency and intensity of use. For a boat that uses every weekend, it is recommended to budget at least 500 to 1,500 per month. Annual maintenance costs for a new yacht can range from 1,219,884 SGD (887,453.05 USD) to 683,783 SGD. A routine maintenance checklist includes daily checks, inspection for leaks, and berthing.

For smaller yachts under 40 feet, maintenance costs can range from 1,000 to 5,000 per year, not including fuel. Berthing costs between SGD 480 to SGD 1,500 (342.29 to 1069.67) per month to keep your yacht at a marina in Singapore. Berthing services are customizable to your needs, and an assessment of the yacht will be conducted before providing a quote.

A common rule of thumb is to budget 2% of the original sale price of a new yacht and 7-10% of the purchase price for a second-hand boat per year. Routine maintenance and minor repairs can cost anywhere from a few hundred to several thousand dollars. If you decide to keep your yacht in Singapore, ensure the size is under 200 feet (61m), as that’s the maximum size that can be accommodated.

A 180-foot superyacht or mega yacht costs a minimum of 4.75 million per year to operate and maintain. Boats older than 15 years require much more maintenance, accounting for around 14% of the purchase price. Annual maintenance costs are substantial, typically amounting to 10-15% of the yacht’s purchase price annually. Water and electricity charges are charged according to metered usage at each wet season. Super yachts typically cost 10-15% of their purchase price to maintain, including operations.